Silver MCX biased IdeaAs far as my understanding is about charts, I personally believe silver can be a great shorting candidates from resistance zone with proper price confirmation.
SIL1! trade ideas
SI1! Short : The Right ShoulderWe forecast a downward movement owing to the shooting star candlestick pattern, as well as the head and shoulders pattern and the retreat on the 61 percent Fibonacci retracement.
Week 06 Updatesee my watch list where I am long or short
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LONG:
after thursdays inflation data report, many re-entry longs where possible, but non of the long trades got stopped out
New long is in theory Silver but palladium and gold are more bullish at the moment. lets not trade all markets but stick with crude oil and soybeans for long trend trades :-)
SHORT
gas still in short trend (stop is trailed above prior days high)
silver market analyseHere we see a support of the buyers that mean that will be impulsion of buying position a
Long silverLong Silver @60500
SL will be below 58100
58200 is the last support for the Silver and we will see the reversal from that point if it comes , else hodl
Silver started a new bullish cycleSilver turned up off a new cyclical support and started a new Up cycle on Daily
Silver's fuel.If silver's price action decides to run upwards, there is lot's of fuel as defined by the open interest.
Again, no where near fear of missing out levels seen in end-game parabolic melt ups.
Short on breakWatch for breakdown on Silver - 1H close below trendline
Expectations :
1. Looking for similar action to the one posted here:
2. Whereby - weakness on this current bounce and a pullback or a small ranging action (on lower time frame) around 22.75 -22.85 zone or below
Price targets :
22.15/20 - previous low on the 1H candle 16:00 UTC on 22/1
22.00 - next support level from 6-7 Jan lows
21.45/50 - below that is a 2 times low on 1H candle on 29/9 and 15/12
However should 1H close above previous high of 23.06 this MIGHT be invalidated, will update accordingly
*Prices and trendline drawn based on Silver Continuous Futures listed as on COMEX, prices may differ from your broker especially if you are trading CFDs or other forms derivative
**All timing based on UTC+0
Sell again after prior days inside barSilver continues the downtrend
and Palladium ends the longtrend
COT Commercials Index is sowing weakness for the Silver market
Trailing the stop now above prior two days high...
dxy gold silver 2.1.22 gold dxy silver follow-up trades from yesterday. Ignore last 5 minutes.....no time to re-do the video.
DXY Gold Silver1.31.22 DXY Gold Silver: this is an example of how I would work with a "student" (one of my friends) with a one-on-one session.
Silver: No Dormancy 🐻 🐻 🐻 Usually, at this time of year, bears would be snuggled up in a cozy cave or den for their annual dormancy. However, at the silver market, they are full of beans and hold onto the price fast.
After agonizing about it for a while, the silver price has finally fallen below the resistance at $23.48. Thus, we consider the downward trend we predicted affirmed. If the bears can keep the price below $23.48, we expect it to go even lower and break through the next marks at $21.94 and $21.41.
Still, there remains a 30% chance that the bulls could interfere and cause a change of direction. If they prevail and bring the price back above $23.48, they could even manage to shove it above the resistance at $25.49.
silvergreat indicator combo . signal in plain sight. Don't dream of where it should go, market does not care what YOU think. fly with the indicators
Silver1.23.22 Silver :I am using a silver chart, but this is more about how to use certain tools, and how to work them into your charting and your trading. Obviously, you would like to use your tool to evaluate some behavior that's important to you, but someone else is looking at different behavior and Willie use the same tool differently because that person has different priorities. If somebody is showing you how to use a tool because that person says the tool works, you want to be very careful about the context and be aware of the reason for that person using this tool. On this video I'm talking about extensions, and two different ways of using extensions, but if you are not really sure of the reason for using that extension, if you're not going to use it consistently and you'll find that it may be less useful to you, or even counterproductive because your success won't be so much about that tool, it will be more related to the way you think about the market.
Silver looks promissing long bateAs disclosed in chart drawing as per my personal understading of support resistance, I feel silver is a long bate till the target.
Silver Short Set UpIn this update we review the recent price action in Silver and identify the next high probability trading pattern and price objectives.
SilverChannels marked
Seems like sellers are in control
Wait till bottom channel or it has to cross upper channel with strong volumes
This is just my view and no recommendation
#SILVERMIC Downward FlagSilver mic downward flag. Bearies continuation . 4hr time frame
Volume: downwards.
Possibility : High to break down again.
Position to short : 60600 & below.
SL: 61150
Target : SL*2.
Disclaimer: Study purpose only.
Siver mic 10 Jan levelTrade in pressure zone so Trade in small quantity and play with level to level .... Good luck 🤞
Silver Future Yep so a stop order is usually a pending market order that only triggers once that price trades. Market psychology dictates that some prices are very likely to have a lot of stop orders waiting there, often much larger size than can be absorbed by the limit orders on the other side, this is why the price shoots up or down very quickly when the number of market orders outweighs the limit orders on the opposite side.
====> PLEASE IGNORE THE NOTES. I'm lazy when I have to write messes up in my brain.
Silver Futures 2022Wait for breakout of current bearish continuation to complete the structure,as we will be expecting double bottom to the priviouse low
Bitcoin Silver12.31. 21 Bitcoin Silver: The reason why I spend so much time on Bitcoin and silver is that they represent volatile markets which have incredible behavior that can be analyzed and translated into profitable trade decisions. The tools that I am using, and the method of analysis translates to any market that is volatile. This may be my last video before the new year, and I would like to wish everyone the best in the new year that follows. We live in a very dangerous time in our history as can be witnessed by all the social disruption in many countries throughout the world. There is tremendous corruption in the political class which results in a loss of freedom and a loss of prosperity towards the people they should represent. No matter what your political persuasion may be, this should be apparent to most people. I hope that there will be no wars and more suffering in a time that suggest that it is very possible that this may happen. Most people care about their families, and their children. It's built into their DNA to want the best for their children and their families. Let's hope that tyranny and injustice do not prevail. In the meantime, I hope that those who follow my posts will persevere and take the time to understand the message so that they can make a decision to use that which resonates with them in a meaningful and prosperous way. Trading is a business, and like all businesses, it requires perseverance, and as is with all businesses it can provide experience and wisdom, and prosperity if you persevere. If it takes a little more time an effort, then try to stay steadfast and work through the challenges. After all, it's not just about the goal, it's about the path towards that goal.
